The Federal Communications Commission jumped into the field of data security regulation for the first time Friday, hitting a pair of telecommunications companies with a $10 million fine for allegedly failing to adequately safeguard customers' sensitive personal information.
London-based Shire Plc's CEO said in a Friday conference call that the pharmaceutical giant has "significant firepower" and will look to boost its acquisitions, as it rides the windfall of a $1.6 billion termination fee from its canceled $52 billion merger with AbbVie, along with solid quarterly profits.
A Washington federal jury on Thursday awarded Costco Wholesale Corp. about $37 million after finding that AU Optronics Corp. and dozens of other electronics companies fixed the price of liquid crystal display panels, tasking just six LCD makers with footing the damages bill.
The Procter & Gamble Co. on Friday became the latest household-name company to split from a big-ticket asset when it outlined plans to exit its Duracell battery business, potentially through a spinoff that would create a new publicly traded company.
Shareholders in Chiquita Brands International Inc. on Friday voted down the banana giant's plans for a $500 million-plus merger with Ireland's Fyffes PLC, dealing a death blow to the ballyhooed tax inversion one day after a pair of Brazilian bidders surfaced with a heftier offer.
Apple Inc. said Thursday that a now-finalized settlement with bankrupt GT Advanced Technologies Inc. could pave the way for the two to resume doing business once GT exits the sapphire production business responsible for its abrupt collapse.